Saving for the future is important, but you need to understand some financial basics to make sure you're not throwing your money away. These five questions from The FINRA (Financial Industry Regulatory Authority) Investor Education Foundation will test your knowledge of how the market works.

Keep in mind these questions are aimed at investing and saving using market vehicles—not basic things like balancing a checkbook or creating a budget, all of which are far more fundamental and important before you get to this level. That said, here are the questions:

Suppose you have $100 in a savings account earning 2 percent interest a year. After five years, how much would you have? Answer choices: More than $102, exactly $102 or less than $102.

Imagine that the interest rate on your savings account is 1 percent a year and inflation is 2 percent a year. After one year, would the money in the account buy more than it does today, exactly the same or less than today? Answer choices: More, same or less.

If interest rates rise, what will typically happen to bond prices? Answer choices: Rise, fall, stay the same or no relationship.

True or false: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less.

True or false: Buying a single company's stock usually provides a safer return than a stock mutual fund.

According to FINRA, only about 14 percent of Americans surveyed in FINRA’s National Financial Capability Study (25,000 adults in 2012 and 2009) got all five questions right. Younger people scored especially poorly, underscoring the need for basic financial education earlier on, instead of hoping people pick it up as they need it and enter the working world. What's worse, the people with the lowest scores were also the people likely to fall for non-bank borrowing methods, like predatory payday and car title loans, pawn shops, tax refund scams, and more.

You can take the full quiz at the link below and see how you fare, and see the correct answers when you finish.